U.S. CFTC moves to fold event contracts into swaps regulations as legal fight rages

Crypto Insight Summary: The derivatives regulator is proposing a formal rule to include certain contracts traded on platforms like Kalshi's as swaps that require the agency's oversight. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Regulatory changes for event contracts have limited direct impact on major crypto markets.